Current account per GDP, % Privateconsumptiondeflator, % ... during the 20-year simulation period. Effects are driven by changes in export income, risen ... domestic demand will increase imports and the value of GDP will grow

Durbin Watson Statistic t-values below coefficients ∆ PCP PIAN Price deflator of privateconsumption Price deflator of fixed investment Price deflator of government ... to private firms. The government balances are further disaggregated in the case of Germany in order to fulfil additional simulation requirements. A general pattern ... to be that within the last twenty years government consumption and investment relative to GDP

the simulatedvalues of some of the main endogenous variables track their historicalvalues ... 10, simulated GDP, privateconsumption, total investment, the government budget deficit ... index AR(1) PrivateConsumptionDeflator Investment Deflator Construction Investment

deflated by the personal consumptiondeflator for 1993. This series shows the increase ...consumptiondeflator. ... of the historical record raises an additional warning. The 1993 growth rate was matched